THE VIABILITY OF COOPERATIVE INSURANCE IN NIGERIA

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

The economic framework of the country is not properly structured to effectively make life comfortable for all members of the insurance industry to day could be more responsive to the yearning of the country than a study on the possibility of developing a functional cooperative insurance in Nigeria. In this angle the insurance courage need to be extended to our cooperative society in order to protect them from dangers that might occur in the process of carrying out their activity or lay natured disaster that would upset the cooperative.

This happen when the resource of individual are pooled to gather for management and self security, which is the noble function of cooperative insurance.

Cooperative insurance in Enugu state, the research want to know what limitation and problem that has caused this steady viability of cooperative insurance in the first Enugu international. Also device ways that member will easily be reached that is , the best channel of communication method that will  be able to customers at the right time an date right place.

Note that, this steady viability of cooperative insurance has some effect on member as well as the society at large. Data says that the insurance of risk of member goods and their dependant have led to loyal increase of member. Thus leading to increasing of members moreover, this steady increase of this cooperative insurance has made them to meet up with their objective is set out to attain some designated objective.

STATEMENT OF THE PROBLEM

In this section, the researcher focused on the prevalent problem that has led to viability of cooperative insurance in Enugu metropolis. These problem militating against the increase of member goods and dependant in Enugu metropolis are as follows: